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https://thedriven.io/2025/08/20/bhp-pushes-mine-fleet-electrification-plans-into-next-decade/>
"Australian mining giant BHP says it will delay the electrification of its
fleet of massive mining vehicles due to what it describes as the slowing in
development of some “decarbonisation technology”.
Hidden away in the middle of the company’s full year financial results
presentation and speech held on Tuesday, chief financial officer Vandita Pant
confirmed that BHP would delay its “previously anticipated spend on operational
decarbonisation” into “the 2030s”.
BHP has targeted a reduction in its operational emissions by at least 30 per
cent by financial year (FY) 2030 based on FY2020 levels, on its way to an
“aspirational” goal of net zero operational emissions by 2050.
While Pant maintained that BHP remains “on track” to meet its “2030 target for
operational greenhouse gas emissions”, this delay to further electrification
and “diesel displacement” is being blamed on what Pant describes as the slowing
in the pace of development of some decarbonisation technology”.
“We expect our previously anticipated spend on operational decarbonisation to
now be in the 2030s, aligned with the delayed timeline for critical
technologies to become commercially available,” he said in the results
presentation.
The decision by BHP to effectively delay around $1 billion in capex spending is
in stark contrast to Fortescue Metals, which is aiming to reach “real zero” at
its Pilbara iron ore mines by the end of the decade, which would mean not
burning fossil fuels for any land transport of mining activity by that time.
Fortescue is spending more than $4 billion on a fleet of giant haul trucks and
other mining equipment such as electric excavators. It is investing in new
drivetrain, battery and EV charging technologies to help meet its target."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
